Mobey Forum has released a white paper specifying implementer guidelines for mobile remote payments, which explains how mobile remote payment technology can effectively be delivered to end-users by leveraging existing systems and establishing an open infrastructure.
Several banks, system integrators, payment service providers, mobile operators and services companies have all contributed to the guidelines, including: Atos Origin, BBS, Caisse d’Epargne, CellPoint Mobile, Deutsche Bank, DnB NOR, Edgar Dunn & Company, Nokia, Nordea, RBS, Redeban Multicolor, Telenor, Tieto, TeliaSonera, SWIFT and VOCALink.
Entitled ‘Mobile Remote Payments General Guidelines for Ecosystems,’ the white paper focuses on payments where two parties are able to send and receive or exchange funds using the mobile channel, irrespective of where they are located.
The white paper provides insight regarding the mobile remote payments ecosystem’s components, its stakeholders and their roles initiating, processing and completing a mobile remote payment.
The document summarises core processes that will need to be developed or enhanced by providers of remote payment services, such as registration and set-up, sending and requesting payments and customer support.
Ron van Wezel, chairman of Mobey Forum and director of emerging payment Streams at Deutsche Bank, said: “Now that the market is starting to adopt mobile payments we believe that the time is right to provide industry guidelines to assist payment providers in deciding how to access the mobile remote payments market effectively. This will help to promote an open infrastructure, which in turn will avoid market fragmentation and improve interoperability for the benefit of the consumer.”
Liisa Kanniainen, ED of Mobey Forum, said: “Stakeholders within this ecosystem want to bring mobile remote payments to market quickly and effectively by releasing the full potential of their existing payment infrastructures and standard payment instruments, such as credit transfers between bank accounts and card payments. This paper offers the first real insight into how this can be achieved in a sustainable and scalable approach that will result in the delivery of convenient payment services that today’s mobile customer expects.”